What is the Market Size for Deep Brain Stimulation ? :
IMARC Group’s latest report, titled “Deep Brain Stimulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global deep brain stimulation market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.0 Billion by 2028, exhibiting a growth rate (CAGR) of 9.54% during 2023-2028
Deep brain stimulation (DBS) is an innovative surgical procedure used to treat a variety of neurological and movement-related disorders, such as Parkinson’s Disease, epilepsy, dystonia, and obsessive-compulsive disorder (OCD). It involves the implantation of electrodes in strategic regions of the brain to generate electrical signals that aid in controlling abnormal impulses in the brain. It utilizes a pacemaker-like device called a programmable generator, which is placed under the skin in the upper chest of the patient, and is connected to the electrodes through a wire. Additionally, it is thought to block the formation of neurological dysfunction, disrupt disruptive impulses, and promote more effective brain functioning. Moreover, it assists patients in managing tremors, stiffness, and dyskinesias without the need for large amounts of medication.
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Who are the Players in the Deep Brain Stimulation market ? :
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Deep Brain Stimulation Market Trends and Development:
The global market is driven by the rising prevalence of motor and neurological disorders among the masses. Along with this, the increasing acceptance of minimally invasive (MI) surgical techniques to reduce medical expenses, minimize post-operative scarring, and shorten hospital stays is contributing to the market. In addition, the development of numerous hospitals, nursing homes, and clinics to provide quality healthcare services to patients across the globe is another factor fuelling the market. Moreover, the widespread integration of artificial intelligence (AI) and the internet of things (IoT) into DBS systems for robot-assisted implantations and multitarget stimulations is creating a favorable market outlook. Apart from this, the growing awareness of the benefits of DBS, early detection of neurological complications, and the rapidly aging population is further boosting the market.
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Key Market Segmentation:
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